Mather Group LLC. boosted its stake in shares of CrowdStrike (NASDAQ:CRWD – Free Report) by 42.3% in the second quarter, Holdings Channel reports. The institutional investor owned 1,496 shares of the company’s stock after purchasing an additional 445 shares during the period. Mather Group LLC.’s holdings in CrowdStrike were worth $762,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRWD. Real Talk Capital LLC boosted its stake in CrowdStrike by 0.9% during the 1st quarter. Real Talk Capital LLC now owns 2,732 shares of the company’s stock valued at $963,000 after purchasing an additional 24 shares during the last quarter. Tradewinds Capital Management LLC boosted its stake in CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company’s stock valued at $51,000 after purchasing an additional 25 shares during the last quarter. Close Asset Management Ltd boosted its stake in CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company’s stock valued at $46,000 after purchasing an additional 25 shares during the last quarter. Ramirez Asset Management Inc. boosted its stake in CrowdStrike by 5.9% during the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company’s stock valued at $159,000 after purchasing an additional 25 shares during the last quarter. Finally, Cladis Investment Advisory LLC boosted its stake in CrowdStrike by 1.5% during the 1st quarter. Cladis Investment Advisory LLC now owns 1,683 shares of the company’s stock valued at $593,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.
CrowdStrike Price Performance
NASDAQ CRWD opened at $473.09 on Friday. The company has a market capitalization of $118.73 billion, a PE ratio of -397.55, a price-to-earnings-growth ratio of 111.93 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The business’s fifty day moving average is $443.68 and its 200 day moving average is $433.66. CrowdStrike has a fifty-two week low of $272.67 and a fifty-two week high of $517.98.
Analyst Upgrades and Downgrades
CRWD has been the topic of several recent analyst reports. Truist Financial increased their target price on CrowdStrike from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Scotiabank upgraded CrowdStrike from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $440.00 to $600.00 in a research note on Thursday. DA Davidson raised their price target on CrowdStrike from $490.00 to $515.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Needham & Company LLC raised their price target on CrowdStrike from $475.00 to $535.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Finally, Piper Sandler dropped their price target on CrowdStrike from $505.00 to $450.00 and set a “neutral” rating on the stock in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $483.79.
Check Out Our Latest Report on CrowdStrike
Insider Activity at CrowdStrike
In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total transaction of $3,202,687.50. Following the transaction, the director directly owned 781,011 shares in the company, valued at approximately $400,213,466.73. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 11,883 shares of CrowdStrike stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares in the company, valued at $105,272,781.10. This trade represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,066 shares of company stock valued at $60,934,078 in the last ninety days. Corporate insiders own 3.32% of the company’s stock.
About CrowdStrike
CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.
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